News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
MHPronews has learned from wfie14news that SSK Communities has acquired the 353 home site Lamp Lite Estates manufactured home community (MHC) in Owensboro, Kentucky and intends to “make significant improvements” which will include changing the name to Riverbend Pointe. Nathan Smith, SSK co-founder and Chairman of the Board of Directors …
SSK Communities Plans Revamping of Manufactured Home Community Read More
Following a story MHProNews last posted June 19, 2015, regarding Cavco Industries’ purchase of Fairmont Homes and subsequent request for tax abatements from the city of Nappanee, Indiana for production upgrades, the Nappanee City Council approved a $40,000 tax phase-in for equipment purchases and employee training. Noting that Fairmont’s products …
Cavco will Retain Fairmont’s Employees, Expand its Customer Base Read More
The Texas Manufactured Housing Association (TMHA) reminds MHProNews that the new appraisal disclosure rules go into effect on July 18, 2015. The rules apply to those homes that go beyond QM status limits set by the Consumer Financial Protection Bureau (CFPB) regulations. DataComp and NADA are going to be the …
Appraisal Rule Implementation Looms for HUD Code Manufactured Home sales Read More
As part of the ongoing mixed signals from the factory built housing market, the Manufactured Housing Institute’s (MHI) National Modular Housing Council (NMHC) reports that 2,763 new MODs were shipped during the first quarter of 2015 in the states where they track shipments. That is a 3.9% decline over the …
The markets took their biggest hit in about 2 years, as the crisis in Greece grows with the limiting of ATM withdrawals over the weekend, and bank closures today. Closer to home, Puerto Rico’s $72 billion dollar debt may also be at risk, per words spoken by their own governor. …
Greek Banks Closed, PR’s Gov says can’t pay debt, Dow Plunges and MHCV sheds 3½% Read More
Jon Johnson is a senior service technician who has years of experience with a number of property management firms in the multi-family housing industry. Inspector Tim Bunch has inspected literally thousands of houses over the years, including new construction, existing resales and manufactured homes. These two distinct video interviews each …
Experts Compare Manufactured Homes to Apartments and Conventional Houses Read More
Melonie Roberts of the Monett Times informs MHProNews of another incident of a troubling trend where local jurisdictions are attempting – perhaps out of ignorance – to regulate manufactured homes in a fashion apparently contrary to federal preemption. Pierce City, MO “Aldermen also approved an ordinance governing the age of …
Another Attempt by Locals to regulate Manufactured Homes may violate Federal Law Read More
Every week, the ‘history’ of modern manufactured and modular housing is passing before the eyes of our readers here. We cover some mainstream housing news too, when it ought to be of keen interest to those in some aspect of factory-built housing. Our web reports tell us there are those …
NASDAQ.com published the following on Friday about manufactured home community sector giant, Equity Lifestyle Properties (ELS). “In trading on Thursday, shares of Equity Lifestyle Properties Inc’s 6.75% Series C Shares (Symbol: ELS.PRC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.6875), with shares changing hands …
Analysts Give Manufactured Home Community giant ELS Thumbs Up Read More
ELKHART, IN., June 25, 2015. Skyline Corporation (NYSE: SKY) announced their Board of Directors named Richard W. Florea as President and Chief Executive Officer and appointed him to the Board of Directors effective July 27, 2015. The company also stated that Bruce G. Page who previously was President, Chief Executive …
Marketwatch’s Michael Gayed asks; are investors living in the eye of the storm? “There are some things you learn best in calm, and some in storm.” – Willa Cather. Greece, domestic and other international matters have created a volatile mix for the market, but today there was relative calm. Meanwhile, …
Manufactured Housing Composite Value Rose, Tracked Stocks Closed Mixed Read More
San Jose, California – The closure of Buena Vista Mobile Home Park draws closer. Given the impact on 400 low income residents, Santa Clara County supervisors voted Tuesday to offer $6.5 million tied to a similar commitment from the city of Palo Alto, CA. “Time is of the essence,” said …
High Dollar Community Closure Looms for Buena Vista Mobile Home Park Read More
MHProNews has learned from timesleader of Martins Ferry, Ohio that Harrison County Treasurer Vicki Sefsick announced all real estate and manufactured home bills for the county for the second half of the 2015 toax season have been mailed to those who own property or manufactured homes. The county seat, Cadiz, …
The Bloomington (IL) Planning Commission recommended City Council approve a plan for a manufactured home community (MHC) to expand on an eight-acre site that was once part of the Southgate Estates Mobile Home Park. After a foreclosure in 2011, Southgate was split into two parcels, and the larger one became …
Plans for Manufactured Home Community Expansion on Hold Read More
David J. Contis, a director on the board of Equity LifeStyle Properties, Inc. (NYSE:ELS) sold 5,000 shares of the company’s stock on Tue., June 23 at an average price of $53.65 for a total value of $268,250.00. Disclosed in a filing with the Securities and Exchange Commission (SEC), Contis now …
In CNN News: Supreme Court ruling upholds Affordable Care Act subsidies, Greece has five days to avoid default, Gen-Xers don’t want to be homeowners, and Univision cancels Miss Universe pageant over Donald Trump’s comments about Mexicans. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) nudged up +0.20 percent to end …
MHCV Edges Up, Health Care Stocks Rise on Supreme Court Decision Read More
After spending a day cleaning up debris around Wimberly, Texas, in the wake of the flooding that ravaged parts of the state, Alberto Pina, general manager of Mobile Homes Direct 4 Less, is offering new manufactured homes at cost to people who lost their homes, according to PRWeb. “The pictures …
Texas Dealer Offering Manufactured Homes at Cost to Flood Victims Read More
Cambodia’s two-story pilot Framework House, built of bamboo and wood, was initially aimed at families afflicted with HIV who are in poor health, but will now be targeted generally to those with low incomes. A collaboration of Atelier COLE, Habitat for Humanity Cambodia and Building Trust International, the family for …
$2,500 Bamboo and Wood House Measures 861 Square Feet Read More
Lowndes County Planning Commission members in Valdosta, Georgia listened to Lowndes County Planner Jason Davenport propose changes to the Moody Air Force Base zoning regulations. The change would balance the scale between the base and property owners in the Moody Activity Zone (MAZ), according to valdostadailytimes. Noting that current amendments …
Georgia Jurisdiction will allow Upgrades to Manufactured Homes Read More
MHProNews has learned that Randall K. Rowe, a member of the board of directors of Sun Communities, Inc. (NYSE:SUI), acquired 25,664 shares of company stock at $50.00 per share June 19, 2015 for a total value of $1,283,200.00, according to a required filing with the Securities and Exchange Commission (SEC). …
Insider Trading at Sun Communities: Randall K. Rowe Read More
